Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseNo description of principal activity4falsetrue 03571803 2022-04-01 2023-03-31 03571803 2021-04-01 2022-03-31 03571803 2023-03-31 03571803 2022-03-31 03571803 c:Director5 2022-04-01 2023-03-31 03571803 d:PlantMachinery 2022-04-01 2023-03-31 03571803 d:PlantMachinery 2023-03-31 03571803 d:PlantMachinery 2022-03-31 03571803 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03571803 d:FreeholdInvestmentProperty 2023-03-31 03571803 d:FreeholdInvestmentProperty 2022-03-31 03571803 d:CurrentFinancialInstruments 2023-03-31 03571803 d:CurrentFinancialInstruments 2022-03-31 03571803 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03571803 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03571803 d:ShareCapital 2023-03-31 03571803 d:ShareCapital 2022-03-31 03571803 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 03571803 d:OtherMiscellaneousReserve 2023-03-31 03571803 d:OtherMiscellaneousReserve 2022-03-31 03571803 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03571803 d:RetainedEarningsAccumulatedLosses 2023-03-31 03571803 d:RetainedEarningsAccumulatedLosses 2022-03-31 03571803 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 03571803 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 03571803 c:FRS102 2022-04-01 2023-03-31 03571803 c:Audited 2022-04-01 2023-03-31 03571803 c:FullAccounts 2022-04-01 2023-03-31 03571803 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03571803 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03571803









IG YORK WAY LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
IG YORK WAY LIMITED
REGISTERED NUMBER: 03571803

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
28
37

Investment property
 4 
3,500,000
3,500,000

  
3,500,028
3,500,037

Current assets
  

Debtors: amounts falling due within one year
 5 
273,098
181,439

Cash at bank and in hand
 6 
9,175
37,218

  
282,273
218,657

Creditors: amounts falling due within one year
 7 
(1,031,827)
(1,046,376)

Net current liabilities
  
 
 
(749,554)
 
 
(827,719)

Total assets less current liabilities
  
2,750,474
2,672,318

Provisions for liabilities
  

Deferred tax
 8 
(678,028)
(678,028)

  
 
 
(678,028)
 
 
(678,028)

Net assets
  
2,072,446
1,994,290


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
 9 
2,034,084
2,034,084

Profit and loss account
 9 
38,360
(39,796)

  
2,072,446
1,994,290


Page 1

 
IG YORK WAY LIMITED
REGISTERED NUMBER: 03571803
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O Vorobeichik
Director

Date: 31 December 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

IG York Way Limited is a private company, limited by shares and incorporated in England & Wales (registered number: 03571803). The registered office and principal place of business address is 73 Maygrove Road, London, United Kingdom, NW6 2EG. 
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
5,000



At 31 March 2023

5,000



Depreciation


At 1 April 2022
4,963


Charge for the year on owned assets
9



At 31 March 2023

4,972



Net book value



At 31 March 2023
28


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
3,500,000



At 31 March 2023
3,500,000

The 2023 valuations were made by an external valuer, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
787,888
787,888

787,888
787,888

Page 6

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
265,098
181,439

Other debtors
8,000
-

273,098
181,439



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,175
37,218

9,175
37,218



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,027,980
1,042,676

Accruals and deferred income
3,847
3,700

1,031,827
1,046,376


Page 7

 
IG YORK WAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Deferred taxation




2023


£






At beginning of year
(678,028)



At end of year
(678,028)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Revaluation of investment properties
(678,028)
(678,028)

(678,028)
(678,028)


9.


Reserves

Other reserves

Includes revaluation of investment property and deferred tax on revaluations.

Profit and loss account

Includes all current and prior period retained profits and losses.


10.


Charges

Interland Capital Limited, a fellow subsidiary company, has borrowed funds from Secure Trust Bank Plc in order to provide finance across the group. Their borrowing is secured on the company's assets and undertakings.


11.


Controlling party

The immediate parent company is Interland Residential Properties Limited, a company registered in England and Wales.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 31 December 2023 by Nicholas Newman (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8